Finance

Potential homebuyers are "spooked" by the stock market tumbling, the deficit mess in Washington and economic news, according to a Moody's Analytics (MA) economist.

Cerberus Capital’s reported delay of its purchase of some Innkeepers USA assets is a sign of uncertainty in the market, Standard & Poor's said this morning. This is viewed as a negative for CMBS credit.

Homebuyers are double dipping on available federal- and state-run mortgage finance programs, in some cases buying a home with a mortgage that requires virtually no down payment.

While lawmakers raising concerns about a potential merger is nothing new, Rep. Barney Frank added a unique twist to his letter asking the Federal Reserve Board to take more time to review the Capital One-ING Direct transaction: the potential for systemic risk.

CREL CDOs delinquencies dropped for the third consecutive month, the latest index results from Fitch Ratings showed.

The auto loans backing rated ABS deals continued to show signs of improvement in July, according to a report from Standard & Poor's.

Cantor Fitzgerald analysts said in a report today that they expect Redwood Trust will be able to fund its growing pipeline and retained subordinate RMBS without having to raise equity anytime soon.

Fannie Mae continues to ratchet up its requests for seller/servicers to repurchase delinquent loans, while its smaller rival Freddie Mac has actually reduced its buyback claims over the past four quarters.

Sales of single-family existing home sales fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors (NAR).

The U.S. Court of Appeals for the Eighth Circuit has rejected an appeal from Fair Isaac Corp., Minneapolis, letting stand a judge's ruling dismissing some of its claims before trial against VantageScore Solutions, Stamford, Conn., and Experian, Costa Mesa, Calif.

What was billed as a relatively small exception to a risk retention rule is now in danger of becoming so big it may render the regulation nearly useless.

Credit card customers are the happiest they've been since the financial crisis, thanks in part to a government crackdown on the card industry.

Bond insurer CIFG Assurance sued Goldman Sachs and M&T Bank Tuesday for fraud and breach of contract involving its commitment to guarantee $275 million of MBS.

Freddie Mac reported new record lows across fixed- and adjustable-rate mortgages for the week ending Aug. 18 on the flight to quality rally based on worries related to global growth and European Union debt.

Democratic Rep. Gary Ackerman plans to introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.

During a downturn, consumers are much more likely to use — and to repay — general-purpose credit cards than retail cards, and pretty much every major retail issuer tried to bail out of the business at some point over the last few years.

Markit has teamed up with the Depository Trust & Clearing Corp. (DTCC) to boost the secondary market for leveraged loans by providing simultaneous transfer of cash and loan assets.

Close to 96% of the non-agency RMBS that were either traded/offered over the past month had a National Association of Insurance Commissioners (NAIC) 'NAIC 1' rating, according to a report from Amherst Securities Group (ASG).

The bankruptcy court signed off on Lehman Brothers Holdings’ plan to generate as much as $2 billion for creditors by securitizing a portfolio of commercial loans.

Lewtan appointed Salil Donde as chief executive officer. Donde joins Lewtan from Marshall & Swift/Boeckh, a provider of essential property information solutions.